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- USD/CHF recovered after hitting low of 0.95950 on Friday. It is currently trading around 0.96688.
- Intraday bias is neutral and pair’s major resistance for the day is around 0.96875 (61.8% retracement of 0.97780 and 0.95504) and any break above will take the pair till 0.9710/0.97708.It should break above 0.9808 for further bullishness.
- On the lower side, major support is around 0.9550 and any break below will drag the pair till 0.9520/0.9495 level. Extreme bearishness can be seen below 0.9440. The minor support is around 0.9640/0.9580.
It is good to buy on dips around 0.9600 with SL around 0.9950 for the TP of 0.9770/0.9808.
